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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, June 21

21 Jun 2019
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, June 21 Exchange rate was 1.3187 up 0.0014 Chicago soybeans closed moderately lower. JUL19 HI 9.17 1/4 NOV19 HI 9.42 3/4 LOW 9.02 1/2 LOW 9.27 1/4 CLOSE9.02 3/4 Down 12 3/4 CLOSE 9.27 1/2 Down 13 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+AUG1+NOV19 CK Low 2.10 11.13 408.872.00 11.28 414.29 CK High 2.30 11.33 416.212.10 11.38 417.96 CK Average 2.23 -0.4911.26 413.702.08 -0.6711.35 417.16 Essex Cty 2.25 11.28 414.382.10 11.38 417.96 Mdsx Low 2.09 11.12 408.502.02 11.30 415.02 Mdsx High 2.30 11.33 416.212.10 11.38 417.96 Mdsx Average 2.20 -0.5211.22 412.362.06 -0.6811.34 416.49 Hensall 2.25 11.28 414.382.05 11.33 416.12 Bruce 2.15 11.18 410.702.00 11.28 414.29 Putnam 2.30 11.33 416.212.10 11.38 417.96 Burford 2.14 11.17 410.342.07 11.35 416.86 Port Perry 2.11 11.14 409.232.04 11.32 415.76 Norfolk 2.25 11.28 414.382.10 11.38 417.96 Palmerston 2.15 11.18 410.702.05 11.33 416.12 Varna 2.25 11.28 414.382.10 11.38 417.96 Trenton 2.25 11.28 414.382.10 11.38 417.96 Winchester 2.25 11.28 414.382.25 11.53 423.47 North Gower 2.05 11.08 407.032.10 11.38 417.96 Huron FOB 2.40 11.43 419.892.20 11.48 421.63 Kent FOB 2.45 11.48 421.732.10 11.38 417.96 Lambton FOB 2.45 11.48 421.732.15 11.43 419.80 Middlesex FOB2.36 2.36 2.38 N/A 11.39 418.422.15 11.43 419.80 PROCESSORS Windsor 2.85 11.88 436.422.40 11.68 428.98 TRANSFER Hamilton 2.80 11.83 434.592.55 11.83 434.49 Prescott N/A 2.45 11.73 430.82 Port Colborne N/A 2.53 11.81 433.76 Toledo El. -0.26 8.76 322.01-0.66 8.62 316.57 Exchange rate was 1.3187 up 0.0014 Chicago wheat closed slightly lower. JUL19 HI 5.29 3/4 JUL19 HI 5.29 3/4 LOW 5.23 LOW 5.23 CLOSE 5.26 Down 1/2 CLOSE 5.26 Down 1/2 Minni wheat closed slightly lower. JUL19 HI 5.40 3/4 SEP19 HI 5.48 3/4 LOW 5.35 1/2 LOW 5.43 1/2 CLOSE 5.36 Down 2 1/4 CLOSE 5.44 Down 1 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.68 1.74 1.54 0.79 CAD $/bu 6.94 7.00 6.80 6.15 CAD $/tonne 254.88 257.30 250.03 225.80 Direct MarkHarvest 2018 Harvest 2019 DELIVERED BASIS DELIVERED BASIS Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M) ELEVATORS Brgssvll N/A N/A N/A N/A N/A N/A 1.55 N/A London 1.60 1.99 1.53 N/A 1.66 1.98 1.52 N/A Hensall 1.65 N/A 1.55 N/A 1.65 N/A 1.55 N/A Trenton N/A N/A N/A N/A N/A N/A 1.65 N/A Bruce 1.55 1.90 1.50 N/A 1.50 1.85 1.45 1.20 Essex N/A N/A 1.45 N/A N/A N/A 1.50 N/A Norwich 1.65 N/A 1.55 N/A 1.65 N/A 1.55 N/A Port Hope N/A N/A N/A N/A N/A 1.90 1.60 N/A Kent Bridge 1.65 N/A 1.55 N/A 1.65 N/A 1.55 N/A Chatham N/A N/A 1.45 N/A N/A N/A 1.50 N/A Brigden N/A N/A 1.45 N/A N/A N/A 1.50 N/A Palmerston N/A 1.90 1.50 1.40 N/A 1.90 1.55 1.20 Varna 1.75 1.95 1.55 N/A 1.60 1.90 1.50 N/A Mitchell 1.65 1.90 1.55 N/A 1.65 1.90 1.55 N/A Thornton N/A N/A N/A 1.91 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A 2.10 1.70 1.10 W O Feed 2.27 TERMINAL Port Colbor N/A N/A N/A N/A 2.00 2.33 1.86 N/A PROCESSORS Toledo FM N/A N/A 1.87 N/A N/A N/A 1.81 N/A Toledo El. 5.51US 7.27CA 5.51US 7.27CA GFO Contract Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.94 2.20 1.81 1.21 CAD $/bu 7.20 7.46 7.07 6.65 CAD $/tonne 264.57 274.26 259.72 244.22 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 508.84 DDG's FOB Srn & Aylm 190.00